Fiserv to buy First Data – the biggest fintech deal of 2019
This deal impacts not just the payments space but the whole financial services ecosystem.
| Our modular TechMap™ provides an independent bank or credit union technology assessment across seven technology focus areas. We can tailor an approach to include any or all of the modules to meet your needs and budget, but we are always looking for the gaps between your current environment (vendors, applications, service delivery, etc.) and your target environment. We then make actionable recommendations to bridge those gaps and to establish a roadmap with priorities, timing and phasing. If we are assessing vendors and applications, we will document whether to keep, improve the use of, or evaluate replacing each of the Bank’s major applications, which contracts should be renegotiated at more advantageous pricing, and how to better leverage the Bank’s technology investments to help reengineer critical processes throughout the organization. And if we are evaluating governance, we will deliver our governance toolkit with tools for vendor management, project prioritization and approval, business case templates, etc. |  |
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In addition to our deep vendor and product knowledge, we also bring our process best practices to help identify ways to improve sales, customer experience, efficiency and risk. And our technology governance best practices can help IT more effectively deliver value-add services to its users.
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This deal impacts not just the payments space but the whole financial services ecosystem.
Bank leadership will face a credibility test in the coming months as team members observe how their organization expects to navigate the gathering storm clouds.
Continually emerging payment technologies keep financial institutions struggling to be at the forefront of their market. Join Cornerstone’s Payments Experts for 2-full days of learning this cutting-edge environment and how to keep your FI ahead of the game.